How Do I Sell My House in Connecticut
We Make Selling Your Home as Easy as – – !
(860) 378-5253. We want to learn more about your property, so we can present you an initial cash offer range.
by filling in the form below or calling us atIf you are happy with our offer range, we will schedule a walkthrough to estimate repair costs. Within 24 hours, we will call you with our no obligation cash offer.
If you accept our cash offer, we will set a closing date that YOU choose with our reputable local title company. It really is that simple!
Questions About Selling to Us
1) What Info Will You Need From Me?
Sell your house in Farmington, CT fast by helping us gather some basic information about your home sale.
- Timeline to sell your property
- Current condition of the property
- Rooms that were updated or renovated (if any)
- Your ultimate goal with the property
This information will help us figure out how we can provide the best solution for you (potentially beyond the typical cash offer).
2) Do You Give Your Cash Offer Right Away On The Phone?
No… We do not give our exact cash offer during the initial phone call, but we will give you an initial offer range.
Why Not? Other “We Buy Houses” Companies Make Offers Right Away On The Phone…
These companies will give you a wildly inflated offer to bring you in and lock you up in a legally binding contract. They will then use an “inspection report” to come back and ask for a price reduction.
This tactic is used more than you would think by multiple buyers in our DC market. It gives cash home buyers a bad name, and we hate that!
3) How Do I Know You’re Not Going To Lowball Me?
If we made lowball offers, we would not be in business…
It is in our best interest to make you the highest possible cash offer because that is how we will beat our competition!
Our entire business is based on buying houses in Connecticut.
If we can’t make fair offers, then we can’t buy houses.
How Do We Come Up With Your Offer?
[YOUR OFFER] = [ARV] – [REPAIR COSTS] – [SELLING COSTS] – [ROI]
After Repair Value (ARV): This is the market value of your home after we buy and renovate your house.
Cost Of Repairs: This is the amount we anticipate spending to repair and update the house after we purchase the property from you. We’ve been doing this a long time, so we have a pretty good handle on renovation costs.
Our Selling Costs: Though you won’t have any costs associated with selling your house to us, we will have to use a Realtor to sell the property after any renovations are complete. This includes Realtor commissions, holding costs, closing costs, and taxes. It usually amounts to about 10% of the ARV on the property.
Return On Investment (ROI): We won’t try to sugar coat it or hide it – we are a business, and in order to keep buying houses, renovating and repairing, and remaining in business, we do have to make some sort of a profit. But we are not looking to take advantage of you as a home seller. We’d rather keep our profit to a minimum and give you the highest possible offer so that we can continue to build our reputation as a fair and honest cash homebuyer and make more deals in a way that benefits both sides.
“I Don’t Like Formulas. Can You Explain this like a Normal Person?”
The market value of your home (after we update it) minus the costs to repair it and our profit equals your offer.
How Does This Work With a Real Home?
Let’s look at a house we bought in Connecticut…
Look at the kitchen in this picture.
Not the worst you’ve seen, right?
But, let’s be fair.
It needs some updating…
Now let’s think about your neighbor across the street with the same house as yours.
He updated his 60’s kitchen and bathrooms with granite.
He paid for a new roof and went from carpet to hardwood floors.
Imagine if your house looked like this now…
Well it makes sense that he sold it for $300,000– it looks amazing!
In order for us to also be able to sell your house for $300K, we need to update your house to at least the same condition as your neighbor’s home!
Why?
Because there is no way we could sell your house in its current state for $300K when all the other houses for sale in your area are upgraded and modern like your neighbor’s.
Would you, as a buyer, be interested in buying a house in older condition for $300K when a much nicer house sells for the same price?
No, of course not!
So let’s ponder the question…
“If my house sells for $300,000 after its been updated, how much is it worth before any updates, as-is, right now?
Here is where The Bristol Home Buyers come in along with our local contractor…
We try to bring our contractor to the initial walkthrough so that we can get an exact estimate on what needs to be repaired and upgraded.
At the end of our walk-through…
We tell our contractor that we need granite countertops because our neighbor who sold his house for $300K has granite as well as hardwood floors, upgraded appliances, a new roof, etc.
Our contractor gives us an accurate estimate for the Cost Of Repairs (COR).
The more accurate these numbers are, the more accurate (and the higher) your offer will be!
We take our contractor’s estimate home and do our research so we can make you a fair offer within 24 hours…
We are ready to work the numbers!
Say our contractor gives us a cost of repairs of $60K...
ARV (After Repair Value) = $300,000
COR (Cost Of Repairs) = $60,000
Our Selling Cost = 10% x $300,000 = $30,000
Let’s say Our Profit for this purchase = $30,000
[Your Offer] = [ARV] – [COR] – [Our Selling Cost] – [Our Profit]
Your Cash Offer = $300K – $60K – $30K – $30K = $180,000
Your Cash Offer = $180,000
We’re Not Done, Yet! Let’s Analyze Your Offer…
So, let’s assume your house is worth $205K as-is, meaning if you listed it with an agent you could sell it for $205K and make no changes.
However, after 10% (or $20,500) in agent fees and closing costs, you will get about $184.5K for it, and that’s after it will be on the market for months?!
And no one can guarantee the house will actually sell for $205K.
So, now it’s time for you to make a decision…
Option 1: Sell it for a guaranteed cash sale of $180,000 in as little as 7 days.
Option 2: Hopefully sell for $184,500 where, if all goes well, bank financing doesn’t fall through and your closing date doesn’t get delayed.
…But Wait!
What if the cost of repairs was $40,000 instead of $60,000?
Here is where things get interesting.
Let’s look at the numbers again…
ARV (After Repair Value) = $300,000
COR (Cost Of Repairs) = $40,000
Our Selling Cost = 10% x $300,000 = $30,000
Let’s say Our Minimum Profit for this purchase = $30,000
[Your Offer] = [ARV] – [COR] – [Our Selling Cost] – [Our Profit]
Your Cash Offer = $300K – $40K – $30K – $30K = $200,000
Your Cash Offer = $200,000
That’s right! Almost $16K more than what you would get if you had listed it as-is with a real estate agent (remember that you would only get $184.5K after subtracting all agent fees and closing costs.)
GET YOUR CASH OFFER NOW
What Makes Our Offers Better in Connecticut?
“World’s Best Coffee!”
“America’s Favorite Burger.”
Always an exaggeration, right?
They never explain why!
Here is our explanation as to why our offers are first-rate…
Bristol Home Buyers are not a one trick pony.
Although our main focus is fast cash offers for your home, we have several different options (none of which involve realtors) that we can make you.
If you choose the fast cash offer for your home sale, we guarantee our offer will be honest and fair.
However, it will not be for “full market value.” (We’re just being honest.)
Our cash offers will be as high as we are able to make them due to how efficient we’ve made our business over the years.
Some of our other home sale options can bring you even more than full market value. You read that right, more.
However, these options depend on the type of property you’re holding, etc.
Give us a call at (860) 378-5253 to learn about these other options. We want you to have a successful home sale. 🙂
Why Sell With Us Instead Of Listing With A Realtor?
For some properties, listing with a realtor can make more sense. For some situations, we know that it is. We pride ourselves on our honesty and transparency, and we would never try and trick someone into a bad situation for them. In the initial phone call, we will always let you know if we feel that listing would be a better option for you. We can not only make you a cash offer to purchase your home, but also help you connect with a licensed Realtor on our team who can also list it for you, if that makes the most sense for you.
Before you make a choice, here are some of the main differences between selling to us and a traditional sale with a Realtor.
Selling To Bristol Home Buyers
- You pay 0% in commission and NO fees.
- We pay ALL closing costs.
- Close within 7-28 days or on your timeline.
- Sell in “as-is” condition without making a single repair.
- No formal inspections.
- No open houses or endless walkthroughs.
- No appraisal or financing contingencies.
Selling With A Real Estate Agent
- You typically pay 6% of the sales price in commission.
- You pay 2%-4% of the sales price in closing costs.
- Closing can take 60-90 days after accepting an offer.
- You need to make repairs to bring your home up to market standards.
- Many buyers request an inspection, which can drop the sale price or result in more repairs.
- Sometimes there are 20+ showings and open houses.
- If an appraisal comes back lower than expected, you may be forced to lower your sale price.
SCAM ALERT!
“It Sounds Too Good to Be True – Is This a Scam?“
We get it – there are A LOT of amature investors and scam artists that want to make offers on properties like yours. It can be hard to be sure that the company you’re working with will be able to actually close. That’s why it is more important than ever to look into your buyer and be sure that they are serious. Working with a well-established, reputable cash-home buyer is often more important than just accepting the highest offer received. We’ve worked with sellers who find us after their first or even second offers fall through. They are rightfully sick of their time being wasted, and can be frustrated with the cash home buyers and investors altogether. We get this! That is why we pledge to be honest and straightforward from day 1, always working towards getting your sale closed.
“How Can You Protect Yourself from Falling for a Bad Buyer?“
Look For Someone with Experience
You’ll want to work with someone who actually knows the ins and outs of the real estate market in your area, not someone who is just guessing. Verify that they actually do buy and sell properties by searching for deeds recorded in public records.
Require a Proof of Funds
The cash home buyer has to have proof they actually have cash to buy your home, and they should be able to show it to you easily.
Read the Reviews and Testimonials
What do people who have actually worked with this buyer say?
Contract Terms
Does everything seem fair to you both sides? Are there any red flags such as an unusually long inspection period (most should average 7-10 days)? Are there extra additional terms in the contract that seem like they could give the seller the right to back out of the contract for any reason they can claim? Have an extra set of eyes look over the contract with you, if need be.
GET YOUR CASH OFFER NOW
We Are Cash Home Buyers In Connecticut
Bristol Home Buyers value honesty, integrity, and transparency. We try to eliminate all of the headaches and drawbacks that come with selling your house the traditional way in the state. We do not rely on lender financing– we have our own cash. We buy as-is and close on your timeline. Unlike agents, we do not charge commission or fees. If you need to sell your house in Connecticut fast, we truly believe we are a great option! We are ready to buy your house right now, and it all starts by filling in our form.